House Sponsors: GIGLIO. Short description: PEN CD-IMRF-COMPOUND 3% INCR Synopsis of Bill as introduced: Amends the IMRF Article of the Illinois Pension Code to compound the automatic annual increase in retirement, incremental, disability, and survivor annuities. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. PENSION NOTE (Pension Laws Commission) Total annual cost of HB441 is 0.91% of total IMRF active member payroll, but required contributions (as % of payroll) would vary among employers. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status